Definition of adjusted taxable income

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a) For the purposes of maximising an age pension entitlement, is it better for a pensioner to retain their retirement funds in superannuation or roll over their funds into a retirement income stream? Discuss.

b) What is included within the definition of ‘adjusted taxable income’ and why do you believe the government introduced this concept as a means of determining eligibility to family assistance?

Reference no: EM131575468

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